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redfoliage2
post Mar 20 2012, 07:54 AM
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VST Bearish based on data at the close yesterday.
ST Bearish.
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TechMan
post Mar 20 2012, 08:21 AM
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QUOTE (redfoliage2 @ Mar 20 2012, 08:54 AM) *
based on data at the close yesterday.


What took you so long? :=)



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redfoliage2
post Mar 20 2012, 08:30 AM
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QUOTE (TechMan @ Mar 20 2012, 08:21 AM) *
QUOTE (redfoliage2 @ Mar 20 2012, 08:54 AM) *
based on data at the close yesterday.


What took you so long? :=)


Some complained before that I should not issue a signal at night while they are sleeping.

This post has been edited by redfoliage2: Mar 20 2012, 08:30 AM
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IndexTrader
post Mar 20 2012, 09:00 AM
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QUOTE (redfoliage2 @ Mar 20 2012, 07:54 AM) *
VST Bearish based on data at the close yesterday.
ST Bearish.


So based on that you would sell on the open???

IT
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dasein
post Mar 20 2012, 09:09 AM
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QUOTE (IndexTrader @ Mar 20 2012, 09:00 AM) *
QUOTE (redfoliage2 @ Mar 20 2012, 07:54 AM) *
VST Bearish based on data at the close yesterday.
ST Bearish.


So based on that you would sell on the open???

IT


I think Red is a futures trader so he would have already been short overnight on his signal at the close - or at least I was - he might have closed some on the open to lock in profits, and maybe looking to make a trend pullback add today depending on the strength of the continued reading.

thanks RF for sharing your signals.

klh


--------------------
best,
klh
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redfoliage2
post Mar 20 2012, 09:14 AM
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QUOTE (dasein @ Mar 20 2012, 09:09 AM) *
QUOTE (IndexTrader @ Mar 20 2012, 09:00 AM) *
QUOTE (redfoliage2 @ Mar 20 2012, 07:54 AM) *
VST Bearish based on data at the close yesterday.
ST Bearish.


So based on that you would sell on the open???

IT


I think Red is a futures trader so he would have already been short overnight on his signal at the close - or at least I was - he might have closed some on the open to lock in profits, and maybe looking to make a trend pullback add today depending on the strength of the continued reading.

thanks RF for sharing your signals.

klh


I'm short ES and may not cover for a while.
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pedro
post Mar 20 2012, 11:45 AM
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Usually, my outlook lines up with RF's.
Not here.

I have this muted selloff as merely a warning shot. Higher next, for a day or two.
THEN, I will turn quite bearish ... IT degree.
Possibly LT as well, but that's only low probability.
The LT turn is coming, likely later this spring.

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IndexTrader
post Mar 20 2012, 02:09 PM
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QUOTE (dasein @ Mar 20 2012, 09:09 AM) *
QUOTE (IndexTrader @ Mar 20 2012, 09:00 AM) *
QUOTE (redfoliage2 @ Mar 20 2012, 07:54 AM) *
VST Bearish based on data at the close yesterday.
ST Bearish.


So based on that you would sell on the open???

IT


I think Red is a futures trader so he would have already been short overnight on his signal at the close - or at least I was - he might have closed some on the open to lock in profits, and maybe looking to make a trend pullback add today depending on the strength of the continued reading.

thanks RF for sharing your signals.

klh


I was attempting to get Red's view on how to handle the gap. Looks like I got your view. Obviously no one could have acted on the signal last night EXCEPT Red, so given that, I'd say it might be important to know what you would do today, wouldn't you say? Selling on a gap down day in an up market is a tough way to go most of the time, and today was no exception.

IT
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